Raul Paul, CEO of Real Vision and former employee of Goldman Sachs, said that by 2030 the market cap of cryptocurrencies will be 100 times greater than at present.
By 2030 it will reach beyond $250 trillion.
Cryptocurrency Outlook: For the past two years, the discussion of cryptocurrencies has been happening all around. The reason for this is that it has given multibagger returns to investors in just a few months. Due to Corona, central banks around the world printed a lot of money and this money was invested in digital currency. However, this year is showing a period of correction in cryptocurrencies.
In a report published in the Economic Times, Raul Paul, CEO of Real Vision and former employee of Goldman Sachs, said that by 2030 the market cap of cryptocurrencies will be 100 times greater than at present. The total market cap of cryptocurrencies is currently a little over $2 trillion. He says that by 2030 it will reach beyond $ 250 trillion. Accordingly, cryptocurrencies will be such an asset class that will see the most growth. At present, the total market cap of the global equity market, bond market, real estate is between $ 250-350 trillion.
Must have a user base of 350 crores
Talking about his prospects, Paul said that if the number of global cryptocurrency users reaches 3.5 billion or 350 million by 2030, then the market cap will cross $ 250 trillion in any case. Regarding this possibility, Vikram Saburaj, co-founder and CEO of Giottus Cryptocurrency Exchange, said that this is possible only when cryptocurrencies are recognized by the governments and institutions of the world.
There has been a correction of 25-30 percent in the market cap
Market experts also say that at present there has been a correction of 25-30 percent in the market cap of cryptocurrencies. It’s close to $2 trillion right now. With the kind of news coming in from all around, there is every possibility that the acceptance of cryptocurrencies will increase a lot in the coming days. This will be a top asset class in the next 10 years. The return investors will get here, the same return will not be available in gold or equity.
bitcoin near 42 thousand dollars
At present, bitcoin is close to 42 thousand dollars. The market cap of bitcoin has fallen by more than $80 billion so far in the month of January. In such a situation, clouds have started hovering over the possibility of bitcoin reaching 1 lakh dollars. Crypto market experts say that it will definitely reach its goal, although it will be late.
Gold investors are turning to crypto
During the Corona period, bitcoin had reached beyond 65 thousand dollars, which is a record high so far. A more than 130 percent jump in bitcoin is necessary to reach $1 million from current levels. Goldman Sachs analyst Zach Pandl said last week that bitcoin could easily cross the $1 million mark if the cryptocurrency continued to dominate the gold market in a similar fashion.